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Insurance-agents

Regulations 3 years ago

PREMIUM
OJK tightens rules on unit-linked insurance

The new rules cover marketing, asset management, transparency and minimum capital requirement.

Regulations 4 years ago

PREMIUM
OJK to tighten rules for unit-linked insurance

The Financial Services Authority (OJK) will tighten rules on investment-linked insurance as the agency seeks to prevent future problems with regard to the products.

Economy 4 years ago

PREMIUM
Indonesians disgruntled over unit link insurance

A group of disgruntled unit link insurance policyholders have grabbed national media attention after holding protests at AIA, AXA Mandiri and Prudential Indonesia's offices in Jakarta.

Business 4 years ago

PREMIUM
Insurance agents fret over planned 2% VAT

The Indonesian Insurance Agents Association (PAAI) has voiced its opposition to a planned 2 percent value-added tax (VAT) on insurance agent services after years of fighting for a 1 percent rate.

Business 5 years ago

Prudential Indonesia aims to boost number of MDRT-qualified agents

Life insurance company PT Prudential Life Assurance (Prudential Indonesia) aims to increase the number of its agents who qualify for membership of a global association of life insurance and financial services professionals, amid the persistently low insurance penetration rate in the country.

Opinion 6 years ago

Elephant in the room in Jiwasraya case

The handling of the Jiwasraya and Asabri cases is good enough as firefighting measures go, but the elephant in the room remains: poor good corporate governance in our state firms, and weak oversight by authorities.

Editorial 6 years ago

Another insurance fiasco?

Asabri and Jiwasraya’s experience was clearly the result of weak supervision, both by the OJK and the State-Owned Enterprises (SOEs) Ministry.

Editorial 6 years ago

Insured but not assured

Jiwasraya’s problems had been known since 2006, yet strangely, no stern actions were taken by the government as its shareholder.

Business 6 years ago

PREMIUM
Insurance agents remain crucial to lure more policy holders

At present, there were over 585,000 insurance agents in Indonesia, according to the AAJI. The figure is inadequate because Indonesia has a population of around 265 million people.

Business 9 years ago

Insurance agents still important for life insurers

Sales agents are still the main contributors to life insurance sales in the first half of 2016 , providing Rp 30.79 trillion (US$2.37 billion) in new premiums or 41.27 percent of Rp 74.61 trillion in total new premiums booked by the life insurers in the first half of this year.

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